summary
Introduced
02/21/2026
02/21/2026
In Committee
02/21/2026
02/21/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
The purpose of this bill is to create the "Charter School Revolving Loan Fund" for the purpose of providing low-interest loans for public charter school facility projects with the loan repayments being recycled and deposited back into the fund to support future projects.
AI Summary
This bill establishes the "Charter School Revolving Loan Fund" to provide low-interest loans for public charter school facility projects, with loan repayments being reinvested into the fund for future projects. The fund will be administered by the State Treasurer and will consist of legislative appropriations, loan repayments, grants, gifts, and donations. The Professional Charter School Board, a body responsible for authorizing high-quality public charter schools, will develop rules for loan applications, eligibility, repayment terms, and the use of funds, which can only be for acquiring, renovating, or constructing school buildings. The bill also clarifies that the Professional Charter School Board is considered an "agency" for the purpose of promulgating rules under the State Administrative Procedures Act, and it defines "Commission" as the Legislative Oversight Commission on Education Accountability.
Committee Categories
Education
Sponsors (1)
Last Action
To School Choice (on 02/21/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=1051&year=2026&sessiontype=RS&btype=bill |
| Fiscal Note - Charter School Board, West Virginia Professional | http://www.wvlegislature.gov/Fiscalnotes/FN(2)/fnsubmit_recordview1.cfm?RecordID=957616802 |
| BillText | http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=sb1051%20intr.htm&yr=2026&sesstype=RS&i=1051 |
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